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Events that changed the Economy in the U.S. (1912-1931)

By toastingintime
  • Titanic sinks

    Titanic sinks

  • Woodrow Wilson becomes President

    Woodrow Wilson becomes President

  • United States becomes world's leading industrial nation

    United States becomes world's leading industrial nation

  • Federal Reserve Act

    Federal Reserve Act

    Divided country into 12 districts, one bank in each supervised by Federal Reserve Board, banks hleped internal banks and international business
  • First Color Film

    First Color Film

  • World War 1 begins

    World War 1 begins

  • Federal Reserve Banks open for business

    Federal Reserve Banks open for business

  • Ty Cobb's reign

    Ty Cobb's reign

  • Woodrow Wilson re-elected as President

    Woodrow Wilson re-elected as President

  • Economic Confusion

    Economic Confusion

    Hard to find work after the mass production of ammunition for WW1
  • First Gas Pipe

    First Gas Pipe

    The first gasoline pipeline began operation with 40 miles of three inch pipe from Salt Creek to Casper, Wyoming.
  • Race Riots in Chicago

    Race Riots in Chicago

  • World War 1 ends

    World War 1 ends

  • Federal Reserve Banks raise "discount rate" to 7%

    Federal Reserve Banks raise "discount rate" to 7%

  • First Radio Broadcast

    First Radio Broadcast

    First broadcast during a baseball game in Pittsburgh. The second broadcast happened the following day Aug. 6, 1921
  • "Talking" Movies created

    "Talking" Movies created

  • Walt Disney creates Disney Company

    Walt Disney creates Disney Company

  • Revenue Act

    Revenue Act

    Reduces estate and income taxes and abolishes most exercises
  • Calvin Coolidge elected President

    Calvin Coolidge elected President

  • U.S. and France sign agreement on war debt

    U.S. and France sign agreement on war debt

  • Babe Ruth

    Babe Ruth

    Babe Ruth (24) signed a 3-year contract with the New York Yankees for a guarantee of $70,000 a year, thus becoming baseball’s highest paid player.
    Athletes are starting to get paid more and more as the years pass and the sport become more popular.
  • Wall Street shaken- prices swing wildly

    Wall Street shaken- prices swing wildly

    This was the first sign that the stock market was in trouble because the process were dangerously fluctuating.
  • Herbert Hoover elected President

    Herbert Hoover elected President

  • Stock Market crashes

    Stock Market crashes

  • 30 Billion dollars in stocks wiped out of New York Stock Exchange

    30 Billion dollars in stocks wiped out of New York Stock Exchange

  • President Hoover signs income tax reduction bill

    President Hoover signs income tax reduction bill

    Bill said to save taxpayers $160 million
  • Bank of United States in NY closes

    Bank of United States in NY closes

    Most significant bank failure of the year.
  • Unemployment rises to 25%

    Unemployment rises to 25%

  • Kredit-Anstalt fails

    Kredit-Anstalt fails

    Austria's largest bank fails with worldwide repercussion
  • Banks Close

    Banks Close

    800 banks close from September to October of 1931